Aspects of APAC Archives

Aspects of APAC, March - May 2023

Regulatory Ambiguity in India—Breeding Ground for Crypto Criminals

March 10, 2023March 14, 2023 /Leave a comment

When Satoshi Nakamoto penned the original white paper introducing the world to bitcoin and blockchain technology, no one had ever imagined that virtual currencies or cryptocurrencies would bring a tsunami of changes in the world of digital technology and financial services. Since its first use...

Aspects of APAC, Special for the Web

Analysis of Customer Money Laundering Risk and Delicacy Management

February 28, 2023March 1, 2023 /Leave a comment

In order to facilitate detailed analysis and highlight comparison effects, this article only selects high-risk customers and low-risk customers for data analysis. Specifically, from the two dimensions of customer’s money laundering risk classification and customer revenue, customers in the sample are divided into four quadrants:...

Aspects of APAC, December 2022 – February 2023

Money Laundering Risk, Customer Acceptance and Business Development Strategy

December 12, 2022 /Leave a comment

Editor’s note: This article is the first in a series of three by the author exploring this topic. The second and third articles in the series will be published on www.acamstoday.org in January and February 2023, respectively. In practice, customer acceptance and business development strategy...

Aspects of APAC, Exclusive

How to Incorporate Money Laundering Risk Into Risk Management: Part Three

February 10, 2022 /Leave a comment

This is the third and final article of a three-part series that provides guidance on the practice of incorporating money laundering risk into risk management. This article will focus on implementing money laundering risk management duties for senior executives and final thoughts on the importance...

Aspects of APAC, Exclusive

How to Incorporate Money Laundering Risk Into Risk Management: Part Two

December 1, 2021 /Leave a comment

This is the second article of a three-part series that provides guidance on the practice of incorporating money laundering risk into risk management. This article will focus on formulating risk management strategies to prevent money laundering. Money Laundering Risk Management and Strategy Formulation In practice,...

FALL OF AFGHANISTAN FINANCIAL CRIME RISKS

Aspects of APAC, Special for the Web

Fall of Afghanistan and Financial Crime Risks for Pakistan

September 22, 2021 /Leave a comment

Nobody knew Afghanistan would see such dramatic and rapid changes in such a short span of time. The Taliban shocked the U.S. and the rest of the world with their lightning-fast takeover of the country. This article will discuss the ever-changing situation in Afghanistan...

Aspects of APAC, September 2021 - November 2021

How to Incorporate Money Laundering Risk into Risk Management: Part One

September 3, 2021 /Leave a comment

Relevant provisions have regulated the incorporation of money laundering and terrorist financing risk (hereinafter referred to as money laundering risk) into the overall risk management of financial institutions (FIs). These provisions include the Financial Action Task Force’s “Risk-Based Approach Guidelines for the Banking Sector”...

Aspects of APAC, June - August 2021

Defining Risk in Sanctions Compliance

June 25, 2021 /Leave a comment

Although enterprises in a variety of sectors—including finance, counseling and even manufacturing—have discussions on “sanctions compliance risk management,” it lacks an academic definition. In the risk management toolkit, the “classical risk model” that has been used for decades explains various risk management strategies in...

Aspects of APAC, June - August 2021

Stimulating Innovation and Change in AML/CTF

June 25, 2021 /Leave a comment

Engaging with emerging technology in anti-money laundering/counter-terrorist financing (AML/CTF)—both addressing its risks and seeking to exploit its potential—has become an increasingly important part of the international agenda in recent years, as it has been featured in the objectives of at least the last four...

Aspects of APAC, March - May 2021, Staff Notes

Enhancing China’s AML/CTF Framework

March 30, 2021March 30, 2021 /Leave a comment

Since the 2019 People’s Republic of China (China) mutual evaluation report (MER) by the Financial Action Task Force (FATF), the country has taken a number of actions to strengthen its anti-money laundering/counter-terrorist financing (AML/CTF) framework. This article provides an update on China’s efforts to...

ACAMS Today

The Magazine for Career-minded Professionals in the Anti-Money Laundering Field

Russia’s Hope of Ice Hockey Glory Buried Under Sanctions

Trade Finance Risk and Controls

Is It “Groundhog Day” for Digital Assets?

The Rise of Real Estate Money Laundering

Choppy Waters: Negotiating the Complexities of Sanctions Due Diligence in an Uncertain World

The BSA Tractor

Aspects of APAC